Former RWE npower CEO, Paul Massara, has been appointed as CEO of Pulse Clean Energy, the energy storage and clean technology specialist. Previously Chair of the Board at Pulse Clean Energy, Paul will take over from Matthew Mendes, who has been appointed as Managing Director, Head of Infrastructure at the Investment Management Corporation of Ontario (IMCO).
Paul brings a wealth of experience in the energy and clean technology sector to Pulse Clean Energy, having previously held non-executive roles in multiple businesses in the industry. Prior to this, he was CEO of RWE npower and served on the Executive Committee of RWE AG, as well as being the Country Chair for RWE in the UK responsible for all Government and policy issues. As a member of the RWE Retail Board, he was also responsible for coordinating 23 million business-to-consumer customers and led the digitalisation of RWE in the UK and Europe.
Alison Kay, former Group General Counsel and Company Secretary for National Grid Plc, and current non-executive director, will step into the role of Chair of the Board.
Mr. Mendes was appointed CEO of Pulse Clean Energy as part of IMCO’s $500 million commitment to building a leading global energy storage platform. Mr. Mendes will remain a member of the company’s Board of Directors.
Commenting on his appointment, Paul Massara said:
“Since launching earlier this year, Pulse Clean Energy has gone from strength to strength, and is on course to have its first diesel-to-battery conversion projects operational very soon. These facilities will be vital to support the growth of renewables in the UK, and to strengthen our energy security in the longer term.
“I am looking forward to working closely with the team as we continue this growth and realise our ambition of operating 1GW+ of energy storage assets across multiple markets.
“It has been a pleasure to work with Matthew during this time, and what he and the talented team has achieved so far is remarkable. We wish him all the success in his new role at IMCO.”
Pulse Clean Energy focusses on investing in projects to support the transition to a zero-carbon energy system, by developing and operating grid-scale battery storage sites across the UK. Its first four sites are due to come online during Q1 2023, supporting the ongoing deployment of renewables in the UK and paving the way to a cleaner energy system, with more set to be converted throughout 2023.
For more information, visit www.pulsecleanenergy.com
ABOUT PULSE CLEAN ENERGY
Pulse Clean Energy’s purpose is to provide the balance and stability needed to ensure renewable energy technologies can thrive. Through innovation in energy storage and optimisation, we enable an energy network that runs entirely carbon free. With a focus that goes beyond energy, to the communities that depend on it, every decision we make is governed by unshakeable ethical and sustainable values.
ABOUT IMCO
The Investment Management Corporation of Ontario (IMCO) manages $79 billion of assets on behalf of its clients. Designed exclusively to drive better investment outcomes for Ontario’s broader public sector, IMCO operates under an independent, not-for-profit, cost recovery structure. It provides leading investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. As one of Canada’s largest institutional investors, we invest around the world and execute large transactions efficiently. Our scale gives clients access to a well-diversified global portfolio, including sought-after private and alternative asset classes. Follow us on LinkedIn and Twitter @imcoinvest.
